It's been a while since we've had a chance to find out what's going on with the king of cryptocurrencies. There is not much to see as the daily momentum remains bullish. After approaching the 53% resistance zone, the price briefly retreated and is now back in the 50% technical zone.
As long as this technical level is maintained, the bias towards Bitcoin dominance is quite bullish. However, if the dominance falls below 50 percent, the price is likely to return to the previous technical zone, which would give torrents and ethereum a window of opportunity to move higher.
Technical Opportunity for Ether?
For Ether, it is clear that things are a bit better than last week as the current low is now higher than the previous low, especially since new highs have been set, which allows us to foresee a reversal in the price of Ether. Uptrend.
From now on, the goal for Ether is simple: to overcome the technical area in order for the torrents to form a strong uptrend, with the first technical target corresponding to the inclined resistance indicated in red. However, since the bullishness failed and fell below 0.06 BTC, Ether will now have to show its buying strength.
As long as this technical level is maintained, the bias towards Bitcoin dominance is quite bullish. However, if the dominance falls below 50 percent, the price is likely to return to the previous technical zone, which would give torrents and ethereum a window of opportunity to move higher.
Technical Opportunity for Ether?
For Ether, it is clear that things are a bit better than last week as the current low is now higher than the previous low, especially since new highs have been set, which allows us to foresee a reversal in the price of Ether. Uptrend.
From now on, the goal for Ether is simple: to overcome the technical area in order for the torrents to form a strong uptrend, with the first technical target corresponding to the inclined resistance indicated in red. However, since the bullishness failed and fell below 0.06 BTC, Ether will now have to show its buying strength.